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Microcap & Penny Stocks : Jyra (NASD OTC BB)

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To: Boris who wrote (26)8/22/1997 8:22:00 AM
From: Joost Bruining   of 73
 
> The developments last week of Jyra have been quite emotional for me.
> Especially because I heard from several people that even my postings on
> this site are important. Of course everybody do need to know that this
> is just a discussion site (in Dutch maybe a babblebox).
>
> In my postings until now I just gave press releases and sometimes I gave
> the opinion of Rienk Kamer, because he (in contrast to me) can be
> expected to know a lot about the prospects of Jyra.
>
> In this mail I want to give some of my opinions. Again howver this is
> just a vision of a small private investor, who happened to follow Jyra
> for several month's.
>
> 1: Jyra overvalued.
>
> Recently you can read (on Bloomberg or in some News papers) quoatations
> or suggestions of several people who claim that Jyra was or is
> overvalued. In my view this is a rather difficult or strange discussion.
> It seems to me that if you are a stock adviser like Rienk Kamer you aim
> is to find stocks from which the market (an/ or many other people)
> underetimate the prospects. However because of the fact that Rienk Kamer
> is quite populair the price of the stock will tend to move closer to the
> prospects that Rienk has and further away from which the market in
> general believes). It's very logical (as with all stock's) that there
> will be people that do have another vision as Rienk. For example Mac
> Bride (who is mentioned on the Bloomberg article) can think that the
> stock is overvalued. Even me and everybody else in this world can have
> an opinion on the true value of Jyra. As an investor you can only try to
> find out whose opinion you believe is important and whose opinion is
> not. Of course there are a lot of different opinions in the world about
> the value of Jyra. If I was a Journalist I can find a lot of opinions on
> the true value of the stock market in general and than publish it.
> Summarizing I do not see why the "statement" that all kind of people in
> the world do think differently about the value of this stock is very
> important.
>
> 2: The MetaGroup-Computer Wire discussion
>
> The Meta Group and/or Computer Wire discussion is one of teh main things right now. The most important thing is the expression of a Meta group spokes man on Bloomberg in which he said that MetaGroup only distributed the report and that computer wire produced it. I simply searched the Meta Group Web Site and found the following

What are the META Group Software Tools Bulletins?

Simply the most comprehensive, objective analysis available of the 1,200+ software tools competing for your budget in the most critical emerging IT areas. The ongoing coverage is updated monthly or better.

The six META Group Software Tools Bulletins cover those development areas our hundreds of corporate clients tell us suffer from the most confusion, most competition and where decision making is hardest. NO OTHER RESOURCE offers this much objective information on software development tools, at any price. An indispensible
guide for any "build" organization.

The Software Tools Bulletins are produced in conjunction with ComputerWire Plc (formerly APT Data Group) in London. For information on the principals who create the Bulletins, vendors and other interested parties click here...

computerwire.com

It seems to me from this that MetaGroup produced the report (in conjunction with computer wire) so I cannot understand this point of the press (or the short attackers?).

2: Although less important as the above. There has been discussion on the quoting of Jyra of the term "must have product for large organizations". It's in the report produced by the MetaGroup (in conjunction with Computer Wire). In My view Jyra will probaly have quoted this in relation to their portential clients (large organizations) and not in relation to their stockholders. At least if I would have worked for Jyra I would have found it important to make this point to my potential clients (and would not be that interested in the shareholders). This is an other point from which I think it's a little bit strange that this report is now a main discussion for shareholders.

Other statements

The most serious point about the fall in the stock price was the above discussion on the MetaGroup thing (which I do not believe (see above).
I believe all other attack's are speculative at best and other's are clear dirt.

a: An obscure investment house (called Key West) gave a sell recommedation (or something worse). I tried to get their report but nowbody answerd the phone or fax for sevaral days now. I wonder if the will still exist? The press all of a sudden seems to believe that the opinion of Key West is more important than that of Morgan Grenfeld.

b: It's said today in Het Financiele Dagblad that Rienk sold his shares. The journalist made the same mistake as I did several weeks ago (because this is a discussion site I've more right to be wrong than a journalist). He also believes that the term selling shareholder in a Sec filling means that shareholders do actually sell their shares. Of course Rienk Kamer was allowed to sell his shares in the US after the SEC filling, but that doesn't mean he did it. Rienk himself told he didn't and I have no reason to doubt this statement. Of course it would be unlogical to play these games if you are a public figure like Rienk. Those games are probably played in general by people who do not tell their names. Summarizing the only thing here is pure speculation on something which is not very logical.

Finally I want to react to Boris who adviced me to buy back the shares now. I have to admit that I do not buy shares for altruistic reasons. Given the negative (in my view unfair) publicity I expect that the stock price will decline more the next few days. I will wait for that moment and than buy my shares.

Joost
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